In Desperation Move, IBM Buys Red Hat For $34 Billion In Largest Ever Acquisition
Posted: 28 Oct 2018, 23:49
In what can only be described as a desperation move, IBM announced that it would acquire Linux distributor Red Hat for a whopping $34 billion, its biggest purchase ever, as the company scrambles to catch up to the competition and boost its flagging cloud sales. Still hurting from its Q3 earnings, which sent its stock tumbling to the lowest level since 2010 after Wall Street was disappointed by yet another quarter of declining revenue...
https://www.zerohedge.com/news/2018-10- ... cquisition
God save us...
https://www.zerohedge.com/news/2018-10- ... cquisition
God save us...